Burger chain Shake Shack files for IPO
30/12/2014 12:11
Shake Shack, a fast casual restaurant chain based in New York City owned by the Union Square Hospitality Group (USHG), filed for an initial public offering on Monday. The 10-year-old burger brand is looking to raise USD 100 million and plans to use the cash raised to open more restaurants. Private equity firm Leonard Green & Partners had bought 40 per cent of Shake Shack in 2010. The company will trade on the New York Stock Exchange under the symbol SHAK. JPMorgan is leading the underwriting with Latham & Watkins giving legal advice.
30/12/2014 12:11
Shake Shack, a fast casual restaurant chain based in New York City owned by the Union Square Hospitality Group (USHG), filed for an initial public offering on Monday. The 10-year-old burger brand is looking to raise USD 100 million and plans to use the cash raised to open more restaurants. Private equity firm Leonard Green & Partners had bought 40 per cent of Shake Shack in 2010. The company will trade on the New York Stock Exchange under the symbol SHAK. JPMorgan is leading the underwriting with Latham & Watkins giving legal advice.
